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20121201
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Search Results 0 to 20 of about 21 (some duplicates have been removed)
are telling some american companies it is time to start paying their fair share there in the uk. even throwing around terms such as shame, outrageous when talking about it. executives from google, amazon, and starbucks all appeared before a parliamentary committee looking into how international companies minimize the tax they pay in the uk. richard quest is in london to explain it all. now, richard, not necessarily talking about tax evasion here. it's more like avoidance, minimization, what's the concern? >> reporter: that's exactly the point. the companies are not breaking the law, not doing anything wrong. the accounts committee described their actions as immoral claiming they have r. so arranging their tax affairs so as to pay no tax in the country where the money is earned. this applies to google, which uses ireland, applies to amazon, on the continent, and it applies to starbucks in amsterdam. what we learned is how these companies arrange their affairs. so even though the latte is bought in london, no tax is ever paid except on sales tax to the uk government. i need to demonstrate this t
is and the group hsbc, the uk's largest bank wants to put this behind it, trying to settle the serious allegations, $1.92 billion will be what they will pay the u.s. government, there will be a press conference later today, the justice department, the manhattan d.a. and others to put this to rest. banks operating in the u.s. have an obligation to know their customer and abide by u.s. laws and u.s. sanctions against some pretty bad characters and hsbc apparently didn't do that. that's the allegation of the united states government, helping transfer money for drug cart cartels, for terrorist groups, for countries we're not supposed to be doing business with overall. these sanctions around libya, myanmar, syria and mexican cartels, this is what hsbc says, wants to put the whole matter behind this. "we accept responsibility for our past mistakes, we have said we're profoundly sorry for them. the hsbc of today is a fundamentally different organization from the one that made those mistakes." they were rubber stamping transfers and one economic it any of an e-mail said "what is this, the school of low ex
group, a sister company of cnn. music video and his song "one pound fish" a contender to tonight uk singles chart at christmas. >> when you have a record as massive as "gangnam style" someone else has thought what's going to be the next record? probably doesn't cost an awful lot of money to make the video. that's the great thing with the internet with youtube, you've got this incredible instance distribution around the planet. >> i think i'm looking at dream and someone touch me and i will wake up. so please don't touch me. i don't want to wake up. i want to live this dream. >> reporter: naz zeer's celebrity perhaps greatest at queens market where he is known as the one-pound fish man. everyone here seems to know his tune. >> one pound fish, very, very good. one pound fish. >> one pound fish. come on, ladies. one-pound fish. were roerpt stall keepers have one pound envy r >> come down here, listen to my song and arrange it had a bit but good luck to him u. >> what's your song? >> pound, would you like a pound? >> reporter: for naz zeer, it is not just about the song, it is also abou
. >>> guess what it's boxing in the uk, canada and several other country and shoppers are mobbing the stores. these are the crowds in london. the 26th of december is like black friday here in the united states. analysts expect 4 million british shopper also spend nearly $5 billion today, back here at home, it will be a similar scene today as people head to return those unwanted gifts and jump on big post holiday sales and we do mean big. check out this deal from best buy, a 32 inch tv for under $200. those are the kinds of deals we're seeing at major retailers. alison kosik is at the new york stock exchange. tell us more. >> it's like having a flashback to black friday. the deals, everybody killing each other just to get the deals but if you're a retailer you take a big hit on a day like today because the national retail federation says almost 11% of whole day gifts we got are returns. that adds up to $60 billion and a lot of that happens today. it's a busy day for retailers. if you're returning stuff today that's some good news here, most stores are keeping their return policies the same as
it with greece and the fiscal compact and the uk v vetoing the agreements. you can put it back together again. but there's an enormous amount of damage, a lack of credibility and a feeling of lack of investor confidence that's taken place during that process. and to your very point, let's look at this for a second. we have the fiscal cliff. you then have the debt ceiling. don't forget the debt ceiling. then you go back to the middle of 2013. by the time you get to it, you're back to a budget impass once again. so you're right, it's perpetual cliffs and falls and slowdowns. >> that just is not very heartening, my friend. so why is the u.s. stock market having one of the best years, one of the ten best years ever? >> that's an easy one. firstly, very low. 2008, look at the graph. and it's gone like that all the way down and it's come back up again and equities remain cheap. bonds weren't doing that much. it was a perfect opportunity to take advantage of certain special situations. but don't be fooled. there's an element of scotch missed about this. the first whiff of really nasty problems, you'
said. we know we're not perfect. this is the managing director, starbucks u.k. we've listened over the past few months. we're committed to the u.k. we will give us an opportunity to build trust and customers. starbucks admitted they were shocked -- they were surprised about the ferocity of the complaints against them. this feeling. does amazon and google follow suit? i think google is a different kettle of fish. google, you do it at your computer. you don't really make that same conscious decision as a consumer. amazon, possibly. you do go on to amazon.co.uk. they could see a consumer backlash. it's the real consumer facing companies, like starbucks, and remember, suzanne, yesterday the british chancellor revised them downward. he raise the taxed and cut -- in that environment, what starbucks has basically done, voluntarily is say we'll pay our share. or at least part of it. >> appreciate it. this guy works as a consee arj in a powerful washington d.c. building. his passion to give back to his hometown in africa has now inspired a whole community. [ male announcer ] this december,
to the source. fast. [ male announcer ] stop the uh-oh fast with kaopectate. >>> the southwest uk is getting hammered with rain causing some travel nightmares. it has to rain a lot in the uk to make any kind of difference. they're used to it. there is floodwater everywhere in devon, england. the drenching rain is causing massive travel problems. with roads and rail lines as well washed over. that's affecting the commute for people. britain's lined up sandbags on the weekend and now officials are warning people about even trying to get out on the roads. parts of wales and scotland are also getting flooded. >>> people in chile and argentina are watching a volcano that straddled the border between the two countries. the volcano has been spewing smoke into the sky. ash has been raining down on surrounding towns. you can see it there. almost looks like snow. it is ash. i'm joined now in the phone by larry masten. so far, chile is on red alert, but no one has been ordered to leave. why is that, larry? >> well, i can tell you based on what i've seen in the reports from the chilean agency, there was
. >> the e.u. hopes that the space sector will account for 20% of its gdp by the year 2020. the u.k. space agency has been $2 billion for the european space agency programs. the space agency already contributes 9.1 billion or $14 billion to the u.k. economy. for europe investing in space is investing in the future. >>> medical marijuana is already legal in several states in the united states. now, voters in washington state and colorado have ok'd the recreational use richard branson says yes. >> simply proposed with the harder drugs is do what portugal has done and that is, you know, let the state set up clinics throughout america that if you have a drug problem, you go to that clinic. give them the methodone until they're ready to come off, and when they're ready, you use a drug clinic that costs one-third of the price of a prison medical record to get them back into society. >> go to cnn.com to read sir branson's opinion piece about ending the war on drugs. sxwlirchlgts how nasa is protecting astronauts from radiation in space and how florians can actually cash in on invading pythons. we
to this government in exile, if you will, as being recognized by france, the uk, turkey, gulf cooperation council countries and now the united states. >> this is going to complicate things, because now at the same time we have this state department saying that a small portion of the rebels are terrorists. they are al qaeda. how does that complicate the situation? the u.s. is trying to support the rebels. the president says this is a legitimate organization, the government, and yet, you have terrorists inside on the ground as part of the rebel forces. >> these jihadi fighting forces are making the rebel advances by the way. when you hear them made in and around damascus and a big army base outside of aleppo overtaken by rebels, these are the fighting forces with training in iraq, the jihadis are foreigners. it's a small component but making advances. the head of the opposition group is criticizing the u.s. for designating this rebel group as a terrorist force perhaps he doesn't want to be seen as a puppet of the united states. by the way, the u.s. is now inviting the head of the opposition, the po
are doing today. in the uk and p many other parts of world people celebrate boxing day, much like black friday in the united states. retailers offer extreme discounts. crowds of up people fill the streets and stores today hoping to take advantage of those sa s sales. some brave folks in the czech republic took on a freezing river during the traditional christmas swim. the temperature there was 46 degrees fahrenheit. >>> i'm suzanne malveaux. the renewed debate over guns in america playing out is sever fronts today. we'll get right to it. it sfwens fied after the horrific shooting in a newtown, connecticut school that left 6 adults and 20 first graders dead. today los angeles is holding a gun buy-back program. it's usually in may but the mayor decided to move it up after the newtown shootings. >> people want to do something, particularly after the newtown tragedy. now this latest tragedy where two firefighters were shot and killed. they want to act. they're tired of waiting on the congress and our legislatures to do something. they feel like there's too much talk and not enough action,
know now that she's pregnant. she's being looked after by the top doctors in the u.k. they would argue. we'll see what happens. certainly we're going to be here for a few days, ashleigh. monitoring the situation for you. senior royals have been informed. prince harry, they're trying to get ahold of to inform him. prince william is in there supporting her. >> just quickly, while we're all excited about a royal pregnancy and the lavishness of their lives and all the rest. it can't be understated she could be pregnant with a future king or queen. >> well, it's interesting, this debate because you would understand from what politicians have told you that they have changed the act of succession to allow the first born, if it is a girl, to become queen. that's not actually the case. very, very complicated legal procedures have to be gone through. they haven't even identified the laws that they have to change in order to do that. they go back hundreds of years. there's a committee in new zealand that's debating this. there are several countries, 15 countries, that have to agree to change this
for the uk. but i remember being in london over the summer and i had conversation where people were saying, despite the fact, of course, william and catherine were in love and were to be married, certainly behind closed palace doors, you know, they would have had to make sure -- made sure she could conceive, correct? >> yes, absolutely correct. i mean, not just one. we need an heir and a spare. so she needs another one as -- >> an heir and a spare. >> an heir and a spare. i don't know how harry will be feeling tonight, because that's it, he's been shunted back further down the line. it seems to get better and better. they are now senior members of the royal family, william and catherine. and once again, proven they're the ones that are going to lead the royal family into this -- over the next lord knows how many years. >> huge congratulations, of course, to them. save me a commemorative coffee mug, mark saunders. if i were harry, i would think pressure off. mark saunders, thank you so much for us there in london. huge news. just in to cnn here on -- getting some disturbing news on syria. u
to the uk. and anna wintour after all is british. and the guessing game even began as to who might replace her at vogue. those rumors over the past several months actually had died down, brooke, until today. but you can imagine why people are talking about this. listen, as one writer put it, the tea party has the coke brothers. mitt romney had bain capital, but only president obama has anna wintour. this is a woman who was one of the president's most powerful boundlers of donations. she raised more than $500,000 toward president obama's re-election campaign. she held a $40,000 a plate dinner party at sarah jessica parker's townhouse in new york earlier in the fall. she later held lavish fund-raisers, star studded by the way, in london and paris. >> so she's raised all this money and done so much for the obamas, what is she saying? what is vogue saying about this? >> you know, vogue will only officially say that these are still rumors and that she's very happy in her current job. listen, i do know anna wintour a little bit, brooke. and i can tell you that there are people close to her in so
, was reported last friday at buckingham palace, will air christmas day on three uk net worworks and we'll see i 3-d. >>> i'm brooke baldwin. want to let you know, moments ago, police identifying the gunman and the victims in that horrific shooting inside a mall in the portland area in oregon. the shooter, 22 years old. here is his picture. no motive yet. we're told the two people he killed did not know him. we have their images for you here. we'll have much more on their lives in just a moment. also, a teenage girl in serious condition right now. here's the sheriff. >> all of us have to recognize that this was a heart breaking tragedy, by any standard. and many, many people will be affected by this terrible act of violence every day for the rest of their lives. and we should keep them in our thoughts and prayers. on the other hand, i think we all need to be very thankful that this incident wasn't much worse. >> we will take you live to portland for more on the shooter in just a moment here. but first, the victims. and this is where this briefing got emotional. i want you to listen here to the s
investigations are done. what happens in the uk and other places, it's an inquest to get information. that will regroup again in march. >> thank you. appreciate it. >>> another chapter in a bizarre story. it started with authorities in belize wants to talk to him about a murder. now antivirus founder john mcafee is back in the u.s., but might not be the end of the saga. unny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement plannin
're covering it in the u.k. and seeing it on tv and probably brings back really bad memories for him, but if i am a parent of one of those kids who witnessed such carnage at newtown and i see andy murray mentally healthy, successful, dealing with it all, you know, seemingly -- >> it is not something brought up either because of the fact, you're right, he is like every other tennis player out there. he has his bad days, his good days. he was one of the most emotional responses ever at wimbledon when he addressed the crowd and thanked him after he was beat this year and he was tearful and then the joy at the olympics, him winning the gold medal at the london games. he has had an up and down year and to end the year like this is truly amazing and i am interested to see what part if any he wants to have in these family's lives. >> i hope some. he is prove you can be okay. >> that's a great point. he is proof that you can go on from something as horrific as this and he wasn't in the other end. he was walking to the gymnasium. 30 seconds later he may have been one of those kids who was tragically ki
on sunday. a uk-based human rights group says at least eight people were killed there. meanwhile, vice president farouk al sharia told the lebanese newspaper that neither the rebels nor the current government has the ability to reach an end point. an opposition group says at least 150 people were killed across syria on sunday. >>> south carolina governor nikki haley announced that congressman tim scott will replace outgoing senator jim demint. haley said she was looking for a conservative fighter. he thanked his mother for not quitting on him. >> when you start out in a single parent household with a mom who works 16 hours a day, and you're looking at a future that doesn't look as bright and you're living in charleston, south carolina, you build the strength that comes from having appreciation and understanding that it is not about you, that it is about your faith, about your family, and i love my mother who is here with me, francis scott. >> governor haley praised the outgoing senator jim demint calling him a conservative rock star. scott takes the reins in january when demint leaves
%. what we saw was the recession expanding. spain, italy, the uk, all found austerity taking its toll even more as unemployment continued to rise in some of those countries. even the large country, the economic powerhouse germany found its slelf slowing down. the root cause of it all was the inability of the european governments to come to policies to get growth started again. towards the middle and end of the year they did, but the tale was style there. very much austerity again and again. perhaps if there was only one change that took place as we moved into the fall and into the winter. it was the realization that most of these countries could take no more austerity. social welfare having been cut, health care cut, unemployment, growth virtually nonexistent. now the talk is not of more austerity, but how to get growth started again across the contine continent. suzanne. >> thank you, richard. >>> christmas, of course, is a time of giving, but there are many struggling families in boston that couldn't aafford to get their children he anything. this year for almost six decades help kamt no
hangover. it was worth it, wasn't it? so good. but in the uk, canada, and some other parts of the world, people are celebrating boxing day. okay, so it is like a black friday in the u.s., retailers offer big discounts, crowds of people fill the streets and stores today hoping to take advantage of those sales. >>> we're a few minutes away from the top of the hour and "the situation room". joe johns is here with the preview. >> a lot of news out there for the day after christmas. we're counting down the minutes until we reach the fiscal cliff. the congress and the white house are running out of time. there was supposed to be a leadership telephone conversation today, while the president heads back here from hawaii. senior congressional correspondent dana bash is following that closely, so we'll be checking in with her. we're also staying on the story of the gun culture in america. we'll talk to former congressman asa hutchinson, a man who is very well known here in the nation's capital, a long-time friend of the gun lobby. he's been tapped to lead the nra plan to put armed guards in schoo
Search Results 0 to 20 of about 21 (some duplicates have been removed)

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